Re:CoinDesk Removes Mt. Gox from Bitcoin Price Index
by dingaling on Tuesday February 11, 2014 @02:39AM
(#7216379)
"It's not like going from, say, refrigerators to cruise missiles"
Raytheon didn't suddenly jump or "pivot"from domestic appliances to missiles.
They acquired Hughes Aircraft and its 40,000 employees of expertise in the mid-1990s, by which time Raytheon was involved in nuclear power, general aviation ( Beech Aircraft ), polymers, pharma...
Hughes brought with it the major 'brands' of Tomahawk and AMRAAM.
The real failure is the way this company operates, not how it gained its popularity. I am shocked that gox still has 8-9x the volume of btc-e[1] after at least 3 avoidable long term service interruptions. The real sardonic mockery should be directed at the clowns who still have their coins and dollars on gox's one server.
[0] http://en.wikipedia.org/wiki/Raytheon [1] assuming the trade volume isn't being manipulated somehow